Jamison Private Wealth Management Inc. Has $2.46 Million Position in ServiceNow, Inc. (NYSE:NOW)

Jamison Private Wealth Management Inc. grew its position in ServiceNow, Inc. (NYSE:NOW) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,319 shares of the information technology services provider’s stock after purchasing an additional 142 shares during the period. Jamison Private Wealth Management Inc.’s holdings in ServiceNow were worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOW. First Citizens Bank & Trust Co. grew its stake in ServiceNow by 35.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,230 shares of the information technology services provider’s stock valued at $1,304,000 after acquiring an additional 325 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in shares of ServiceNow by 11.5% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 32,784 shares of the information technology services provider’s stock valued at $34,755,000 after purchasing an additional 3,383 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $1,483,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in ServiceNow by 13.9% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,991 shares of the information technology services provider’s stock worth $94,293,000 after purchasing an additional 10,852 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in ServiceNow by 13.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,064 shares of the information technology services provider’s stock valued at $5,368,000 after buying an additional 582 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NOW has been the subject of several research reports. Mizuho increased their price objective on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Needham & Company LLC lifted their price target on ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, November 25th. StockNews.com upgraded ServiceNow from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Oppenheimer lifted their target price on ServiceNow from $1,020.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price target on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $1,093.34.

ServiceNow Stock Performance

NYSE:NOW opened at $1,124.64 on Friday. The stock has a 50 day simple moving average of $1,077.07 and a 200 day simple moving average of $942.47. The stock has a market cap of $231.68 billion, a P/E ratio of 174.91, a PEG ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,157.90. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. ServiceNow’s quarterly revenue was up 22.2% on a year-over-year basis. Research analysts anticipate that ServiceNow, Inc. will post 7.06 earnings per share for the current year.

Insider Buying and Selling at ServiceNow

In related news, insider Jacqueline P. Canney sold 455 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1,058.54, for a total transaction of $481,635.70. Following the completion of the sale, the insider now owns 3,027 shares of the company’s stock, valued at $3,204,200.58. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William R. Mcdermott sold 12,271 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares in the company, valued at approximately $2,588,953.65. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,731 shares of company stock valued at $21,016,751 in the last quarter. Company insiders own 0.25% of the company’s stock.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.